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Author: Heather Smith
Publisher: Edward Elgar Publishing
ISBN: 9781782543572
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
'This is a very good piece of research. As a book, it is important because it focuses on important conceptual and empirical issues, namely the role of government and industrial policy in promoting rapid economic growth; and particularly the case of Taiwan as an exemplar of rapid industrial development. The author convincingly refutes the view that sector-specific industrial policy was an important source of Taiwan's rapid industrial growth in the 1980s.' - Hugh T. Patrick, Columbia University, US 'Dr Smith takes Taiwan and Korea as case studies to address fundamental questions concerning the rapid growth and subsequent financial crisis in East Asia: * were the Taiwan and Korean governments interventionist in the 1980s? * did industry policy play a role in the financial crisis of 1997-1998? Heather Smith has put together a comprehensive discussion of strategic industry policy. She analyses at length the fascinating connection between the growth of the chaebol in Korea, its links to the government and to the financial sector, and the unravelling of the financial crisis in Korea. Her analysis throws light on the fundamental strength that Taiwan has shown throughout the crisis. These are fascinating and important questions vital to the economics profession and of interest to the enormous contingent of economic commentators following the East Asian crisis.' - Ron Duncan, Australian National University, Australia The growth in global competitiveness and interdependence has led to an increased interest in the role of industrial policy in achieving economic growth objectives. Heather Smith reignites the contentious debate of the role of the state using East Asian economic development in general with particular emphasis on Taiwan and Korea. Using quantitive techniques, the author analyses the view that industry policy interventions were a necessary factor explaining Taiwan's economic performance in the 1980s.
Author: Heather Smith
Publisher: Edward Elgar Publishing
ISBN: 9781782543572
Category : Business & Economics
Languages : en
Pages : 328
Get Book
Book Description
'This is a very good piece of research. As a book, it is important because it focuses on important conceptual and empirical issues, namely the role of government and industrial policy in promoting rapid economic growth; and particularly the case of Taiwan as an exemplar of rapid industrial development. The author convincingly refutes the view that sector-specific industrial policy was an important source of Taiwan's rapid industrial growth in the 1980s.' - Hugh T. Patrick, Columbia University, US 'Dr Smith takes Taiwan and Korea as case studies to address fundamental questions concerning the rapid growth and subsequent financial crisis in East Asia: * were the Taiwan and Korean governments interventionist in the 1980s? * did industry policy play a role in the financial crisis of 1997-1998? Heather Smith has put together a comprehensive discussion of strategic industry policy. She analyses at length the fascinating connection between the growth of the chaebol in Korea, its links to the government and to the financial sector, and the unravelling of the financial crisis in Korea. Her analysis throws light on the fundamental strength that Taiwan has shown throughout the crisis. These are fascinating and important questions vital to the economics profession and of interest to the enormous contingent of economic commentators following the East Asian crisis.' - Ron Duncan, Australian National University, Australia The growth in global competitiveness and interdependence has led to an increased interest in the role of industrial policy in achieving economic growth objectives. Heather Smith reignites the contentious debate of the role of the state using East Asian economic development in general with particular emphasis on Taiwan and Korea. Using quantitive techniques, the author analyses the view that industry policy interventions were a necessary factor explaining Taiwan's economic performance in the 1980s.
Author: Heather Joy Smith
Publisher:
ISBN:
Category : Industrial policy
Languages : en
Pages : 786
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Book Description
Author: Kai-Sun Kwong
Publisher: World Scientific
ISBN: 9812810064
Category : Business & Economics
Languages : en
Pages : 287
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Book Description
Economic analysis of the industrial experiences of the newly industrialized economies in Asia is generally lacking in the literature. This study attempts to fill that void by providing an in-depth discussion on the economic impact of the industrial policies of Singapore, Taiwan, and South Korea in the three-and-a-half decades after 1960. Throughout the study, a broad perspective of macroeconomic development is maintained. It is highly critical of the narrow-minded objective of certain governments in maximizing the pace of industrialization at the expense of general economic well-being. A comparative analysis of the industrial experiences of the three economies also shows a diversity of constraints and processes. Singapore relied on multinational corporations, Taiwan on returned engineers, and South Korea on chaebols. There appears to be no Asian formula for industrialization. In Hong Kong, there is an ongoing debate on whether some form of industrial policy should be introduced, in view of the perception that Hong Kong is lagging behind the other economies in terms of technology. Drawing on the experiences of the other economies, the concluding chapter of the book provides an informed and balanced answer to this question. Contents: Singapore: Dominance of Multinational Corporations; Taiwan: Thriving High-Technology Industries and SME; South Korea: Government-Led Development and the Dominance of Giant Corporations; Comparison Among Singapore, Taiwan, and South Korea; Strategic Considerations in the Hong Kong Context. Readership: Researchers, policy-makers and undergraduates in economics and East Asian Studies.
Author: Sung Gul Hong
Publisher:
ISBN:
Category : Semiconductor industry
Languages : en
Pages : 216
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Book Description
The Political Economy of Industrial Policy in East Asia sheds new light on the reasons why Taiwan and South Korea have achieved such remarkable progress in the semiconductor industry. This book focuses on the institutional arrangements in Taiwan and South Korea across time and shows how the state and society have interacted to accomplish the successful development of the semiconductor industry. It argues persuasively that three institutional factors are critical in understanding the development processes of the semiconductor industry in these two countries: first, the different degrees of business concentration, second, the different state structures and their influence on policy making networks, and finally, the different international political economies in which the two countries are located. The author challenges the developmental statist argument which has traditionally offered the most popular explanation of East Asian development, and includes recent industrial data and statistics demonstrating the current status of this rapidly changing industry. This book will be welcomed by graduate students and academics in the fields of comparative political economy, international political economy and industrial policy. It will also appeal to those interested in industrial development strategies, East Asian development and comparative politics.
Author: Yusuke Takagi
Publisher: Springer
ISBN: 9811329044
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
This open access book modifies and revitalizes the concept of the ‘developmental state’ to understand the politics of emerging economy through nuanced analysis on the roles of human agency in the context of structural transformation. In other words, there is a revived interest in the ‘developmental state’ concept. The nature of the ‘emerging state’ is characterized by its attitude toward economic development and industrialization. Emerging states have engaged in the promotion of agriculture, trade, and industry and played a transformative role to pursue a certain path of economic development. Their success has cast doubt about the principle of laissez faire among the people in the developing world. This doubt, together with the progress of democratization, has prompted policymakers to discover when and how economic policies should deviate from laissez faire, what prevents political leaders and state institutions from being captured by vested interests, and what induce them to drive economic development. This book offers both historical and contemporary case studies from Japan, South Korea, Taiwan, Singapore, Indonesia, Malaysia, Myanmar, Ethiopia, Kenya, and Rwanda. They illustrate how institutions are designed to be developmental, how political coalitions are formed to be growth-oriented, and how technocratic agencies are embedded in a network of business organizations as a part of their efforts for state building.
Author: Heather Smith
Publisher:
ISBN:
Category : Industrial policy
Languages : en
Pages : 38
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Book Description
Author: Alice Hoffenberg Amsden
Publisher: Oxford University Press, USA
ISBN: 9780195076035
Category : Business & Economics
Languages : en
Pages : 400
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Book Description
South Korea has been quietly growing into a major economic force, even challenging Japan in some industries. This growth may be seen as an example of "late industrialization" and this book discusses this point.
Author: J. Megan Greene
Publisher: Routledge
ISBN: 1134125895
Category : Political Science
Languages : en
Pages : 351
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Book Description
Throughout the twentieth century Taiwan was viewed as a model - whether in terms of a model colony, a model China or a development model. This perception was based on the notion of Taiwan undergoing an economic miracle and political developments. Yet much of Taiwan’s history is unique and may not be readily replicable elsewhere. Written by an impressive line up of contributors from the US, UK, Taiwan, France and Hong Kong, this book analyzes Taiwan’s economic and political achievements, and asks whether it is possible to identify through the experience of a single nation – Taiwan – the makings of a replicable model. This book will appeal to students and scholars of Taiwan, political economy, and Asia-Pacific regional development issues.
Author: Zhaocheng Mai
Publisher: Edward Elgar Publishing
ISBN: 9781782542261
Category : Business & Economics
Languages : en
Pages : 452
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Book Description
'. . . the book will be of great help to readers interested in Taiwan's economic performance over the past twenty years.' - Gilles Guiheux, The China Journal Taiwan's economic development experience represents a unique case study especially in the wake of the Asian financial crisis. Taiwan has performed outstandingly in terms of macroeconomic and industrial development, particularly during recent democratic and social change. This book aims to provide a broad picture of these institutional reforms and policy evolutions.
Author: Dick K. Nanto
Publisher:
ISBN:
Category : China
Languages : en
Pages : 0
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Book Description
The economic rise of China and the growing network of trade and investment relations in northeast Asia are causing major changes in human, economic, political, and military interaction among countries in the region. This is affecting U.S. relations with China, China's relations with its neighbors, the calculus for with Taiwan, and the basic interests and policies of China, Japan, Taiwan, and South Korea. These, in turn, affect U.S. strategy in Asia. China, for example, has embarked on a "smile strategy" in which it is attempting to co-opt the interests of neighboring countries through trade and investment while putting forth a less threatening military face. Under the rubric of the Six-Party Talks, the United States, China, Japan, Russia, and South Korea are cooperating to resolve the North Korean nuclear crisis. Taiwanese businesses have invested an estimated $70 to $100 billion in factories in coastal China. China relies on foreign invested enterprises for about half its imports and exports. For Taiwan, Japan, and South Korea, China has displaced the United States as their major trading partner. The implications of China's globalization and rise as a major economic power can be seen in its impact both on Beijing and on policy deliberations in Taipei, Tokyo, and Seoul. For China's trading partners, dependency on the Chinese market means that Beijing is looming larger in all aspects of policy making. While this is not likely to challenge U.S. security ties with Japan, South Korea, and Taiwan, it raises several policy issues. One is how to deal with a modernizing and more powerful Chinese military financed by the growing Chinese economy. Another is how to explicitly incorporate into U.S. policy the greater weight that Beijing is being given in policy deliberations in Tokyo and Seoul. A further policy issue is whether to take measures to offset the rising economic clout of China and attempts by Beijing to create East Asian institutions with China at the center.
